Shorting BTC in the 18 hours time
已更新
To continue my previous post, we have 18 hours left to the closing of our weekly candle.
On the daily, it has shown a descending wedge.
From 29/06/21 to 20/06/21, when everybody is bearish thinking that it might go to 20k, it showed this same pattern, false breakout on the pattern on daily TF.
In 4 hr TF, it shows that it was accumulating on its previous low before breaking its micro high and propelled to create a new ATH.
That is when I would close my short position and switch to long.
Fundamentally, nothing changed, retail interest has been low, but whales are accumulating, will there be a supply shock? Is the interest hike priced in?
On the daily, it has shown a descending wedge.
From 29/06/21 to 20/06/21, when everybody is bearish thinking that it might go to 20k, it showed this same pattern, false breakout on the pattern on daily TF.
In 4 hr TF, it shows that it was accumulating on its previous low before breaking its micro high and propelled to create a new ATH.
That is when I would close my short position and switch to long.
Fundamentally, nothing changed, retail interest has been low, but whales are accumulating, will there be a supply shock? Is the interest hike priced in?
交易开始
Entered a short position at 39,098.7 at 4H TF. As you can see the top of the descending wedges. Stop loss at 40,767.4, the high of the previous weekly candle.Definitely keep a watch for tomorrow's statement, because I assume that volatility is going to kick in.
My stance is still the same, watch out for 34.5K and 33K level for potential flip.
Otherwise first take profit would be at 30.5K closing 90% of my trade and letting 10% run.
交易手动结束
Trade closed at entry when Jerome Powell announced a positive outlook on the economy, not being very hawkish and keep 0.75 rate hike off the table for now.
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